Yahoo Finance Lowe's Companies Full Year 2024 Earnings: EPS Beats Expectations
Lowe's Companies (NYSE:LOW) Full Year 2024 Results
Key Financial Results
Revenue: US$86.4b (down 11% from FY 2023).
Net income: US$7.71b (up 20% from FY 2023).
Profit margin: 8.9% (up from 6.6% in FY 2023). The increase in margin was driven by lower expenses.
EPS: US$13.24 (up from US$10.20 in FY 2023).
LOW Sales Performance
Like-for-like sales growth: Down 4.7% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lowe's Companies EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%.
In the last 12 months, the only revenue segment was Home Improvement Retail Operations contributing US$86.4b. Notably, cost of sales worth US$57.5b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$14.7b (70% of total expenses). Explore how LOW's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Lowe's Companies has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
